Author Topic: Trump-Republican tax plan, Bad for large families  (Read 138403 times)

Offline mr12

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Re: Trump-Republican tax plan bad for large families
« Reply #620 on: December 17, 2017, 05:22:31 PM »
The Rubio move does not make ANY sense. Why should a family of 4 that earns $30k and already gets a fat return get another $400 child tax credit? Why not give the $400 to a family of 4 that earns $60k that pays taxes and can't make ends meat?
If those making 60k have any tax liability, they get not only the extra 400, but also 600 per child to offset their tax liability

Offline shapsam

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Re: Trump-Republican tax plan bad for large families
« Reply #621 on: December 17, 2017, 06:23:10 PM »
If those making 60k have any tax liability, they get not only the extra 400, but also 600 per child to offset their tax liability
If you to pay, you'll get a $2,000 child credit but why not make it $2,400 and those that already get a return should stay the same $1,000?

Offline mr12

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Re: Trump-Republican tax plan bad for large families
« Reply #622 on: December 17, 2017, 06:34:10 PM »
If you to pay, you'll get a $2,000 child credit but why not make it $2,400 and those that already get a return should stay the same $1,000?

I don't disagree with your suggestion. I think Rubio wanted the tax credit to offset payroll tax liability which even poor people pay. The final bill doesn't use the credit directly against the payroll taxes, though

Offline aygart

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Re: Trump-Republican tax plan bad for large families
« Reply #623 on: December 17, 2017, 06:34:25 PM »
They’re trying to get ppl to move out of blue states by removing the SALT deduction. Shrewd move by republicans.
This way the states they move into will turn blue.
Feelings don't care about your facts

Offline ChaimMoskowitz

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Re: Trump-Republican tax plan bad for large families
« Reply #624 on: December 17, 2017, 06:42:33 PM »
Because we don't wind to wind up like most of the western world with shrinking populations, which wreaks havoc on senior benefits and GDP?
Using this logic wouldn't families have to get bigger ever generation to support the preceding generation?
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Offline Dan

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Re: Trump-Republican tax plan bad for large families
« Reply #625 on: December 17, 2017, 06:45:02 PM »
Using this logic wouldn't families have to get bigger ever generation to support the preceding generation?
No, they'd have to stay the same. Most western countries don't have that.
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Offline ChaimMoskowitz

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Re: Trump-Republican tax plan bad for large families
« Reply #626 on: December 17, 2017, 06:58:10 PM »
No, they'd have to stay the same. Most western countries don't have that.
I guess I am not following. If they only had kids they could afford wouldn't it basically stay the same then? Wait, I forgot the R's tax plan that shifts wealth to the top %.  :)
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Online avromie7

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Re: Trump-Republican tax plan bad for large families
« Reply #627 on: December 17, 2017, 07:04:22 PM »
They’re trying to get ppl to move out of blue states by removing the SALT deduction. Shrewd move by republicans.
They just want to stop the federal government from subsidizing tax and spend liberals.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline Dan

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Re: Trump-Republican tax plan bad for large families
« Reply #628 on: December 17, 2017, 07:07:13 PM »
I guess I am not following. If they only had kids they could afford wouldn't it basically stay the same then? Wait, I forgot the R's tax plan that shifts wealth to the top %.  :)
If a few shekels will push someone from 2 (below replacement) to 3 (above replacement) kids, then it's good for the country.
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Offline yitzf

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Re: Trump-Republican tax plan bad for large families
« Reply #629 on: December 17, 2017, 07:49:13 PM »
Using this logic wouldn't families have to get bigger ever generation to support the preceding generation?
Sure, social security was always a pyramid scheme. But even without that, Europe is importing people from the middle East by the millions to deal with their abysmal birth rate and Japan is expected to have major issues in the future due to the expected ratio of retired vs working people. As life expectancy increases you need more younger people in the workforce to support the ever growing retired population.

Offline aygart

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Re: Trump-Republican tax plan bad for large families
« Reply #630 on: December 17, 2017, 08:15:49 PM »
If a few shekels will push someone from 2 (below replacement) to 3 (above replacement) kids, then it's good for the country.
Maybe they will all buy 3d android tablets
Feelings don't care about your facts

Offline Moshe123

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Offline Dan

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Re: Trump-Republican tax plan bad for large families
« Reply #632 on: December 17, 2017, 08:31:18 PM »
Anyone want to translate the pass-through deduction into English?
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Online avromie7

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Re: Trump-Republican tax plan bad for large families
« Reply #633 on: December 17, 2017, 08:36:30 PM »
Anyone want to translate the pass-through deduction into English?
If you make 100k in your pass thru business, you get a 20% deduction so you only pay taxes on 80k
I wonder what people who type "u" instead of "you" do with all their free time.

Offline churnbabychurn

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Re: Trump-Republican tax plan bad for large families
« Reply #634 on: December 17, 2017, 08:39:39 PM »
If you make 100k in your pass thru business, you get a 20% deduction so you only pay taxes on 80k
+1

This is a major break for all small businesses. Not just "big corps".

Offline CPA

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Re: Trump-Republican tax plan bad for large families
« Reply #635 on: December 17, 2017, 08:42:13 PM »
If you make 100k in your pass thru business, you get a 20% deduction so you only pay taxes on 80k
That is a very basic understanding. As they say the devil is in the details.

Offline Dan

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Re: Trump-Republican tax plan bad for large families
« Reply #636 on: December 17, 2017, 08:45:27 PM »
That is a very basic understanding. As they say the devil is in the details.
Please elaborate. I tried reading it all and got a headache.
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Offline ChaimMoskowitz

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Re: Trump-Republican tax plan bad for large families
« Reply #637 on: December 17, 2017, 08:47:34 PM »
This is a major break for all small businesses. Not just "big corps".
So what % of small business will this help?
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Offline elit

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Re: Trump-Republican tax plan bad for large families
« Reply #638 on: December 17, 2017, 08:57:00 PM »

Offline elit

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Re: Trump-Republican tax plan bad for large families
« Reply #639 on: December 17, 2017, 08:58:18 PM »
If you make 100k in your pass thru business, you get a 20% deduction so you only pay taxes on 80k
can you explain it without using the word pass thru so we can learn what pass thru means